.Its market capitalisation at Monday’s closing rate remained at greater than Rs 28,000 crore Photo: Bloomberg2 min reviewed Last Upgraded: Sep 03 2024|10:19 AM IST.Bengaluru-based Brigade Enterprises considers to raise around Rs 1,500 crore by selling equity allotments to institutional entrepreneurs as part of its own tactic to broaden business.The provider on September 2 released its Qualified Institutional Positioning (QIP) concern to increase funds.In a governing submitting behind time on Monday, Unit Enterprises notified that a board of supervisors authorized the opening of the QIP Problem on Monday.The panel additionally authorized the flooring rate for the QIP issue at Rs 1,164.70 per equity Allotment.The company’s portion rate shut at Rs 1,239.80 apiece on the BSE.Its own market capitalisation at Monday’s closing price stood up at much more than Rs 28,000 crore.In March, Unit Enterprises had actually taken authorization coming from investors to raise funds via the concern of surveillances around Rs 1,500 crore.Unit Enterprises is among the leading real estate developers in the country along with a significant visibility in South India.Last month, Brigade Enterprises stated more than two-fold pitch in consolidated web revenue at Rs 83.72 crore for the June one-fourth of the present fiscal year.Its net profit stood at Rs 38.53 crore in the year-ago time frame.Total profit cheered Rs 1,113.44 crore during April-June FY25 from Rs 685.43 crore in the corresponding time frame of the previous year.( Just the heading and also image of this file might have been revamped due to the Service Specification team the rest of the content is actually auto-generated coming from a syndicated feed.) First Posted: Sep 03 2024|10:19 AM IST.